QUESTION 20 Gretchen purchased a life insurance policy with minimum guaranteed rate for the cash value, but she has the opion to select a foxed-income account that does have a guaranteed rate. She also has the option to select other accounts that don't have a guaranteed rate, but they might earn a better returm. Based on this description, what type of policy did Gretchen purchase? Variable Life O Indexed Universal Life O Universal Lide Variable Universal Life QUESTION 21 Both Variable Life and Vanable Universal Life allow the policyholder to select from investment choices described as The difference between Variable Lide and Variable Universal Lide can best be Variable Life is a term policy and Vanable Universal Life is a whole life policy Variable Life has a quaranteed interest rate return and Variable Universal Life does not Variable Lide is a cash value policy and Variable Universal Lde is not Variable Life has fixed premiums and Variable Universal Life has flexible premiums QUESTION 20 Gretchen purchased a life insurance policy with minimum guaranteed rate for the cash value, but she has the opion to select a foxed-income account that does have a guaranteed rate. She also has the option to select other accounts that don't have a guaranteed rate, but they might earn a better returm. Based on this description, what type of policy did Gretchen purchase? Variable Life O Indexed Universal Life O Universal Lide Variable Universal Life QUESTION 21 Both Variable Life and Vanable Universal Life allow the policyholder to select from investment choices described as The difference between Variable Lide and Variable Universal Lide can best be Variable Life is a term policy and Vanable Universal Life is a whole life policy Variable Life has a quaranteed interest rate return and Variable Universal Life does not Variable Lide is a cash value policy and Variable Universal Lde is not Variable Life has fixed premiums and Variable Universal Life has flexible premiums